December marked the end of a positive 2025 for global financial markets, but also the emergence of a more cautious attitude on the part of investors. After a year characterized by widespread returns across almost all asset classes, the [...]

November 2025 ended in a context of growing caution across global financial markets, marked by elevated volatility and mixed signals among the major economic regions. Investor attention remained focused on monetary policies, particularly on the upcoming decisions of the [...]

General scenario September confirmed the constructive tone of global financial markets, in a context dominated by optimism for more accommodative monetary policies and good corporate results. US stock indices reached new all-time highs, supported by the Federal Reserve's first [...]

It is with deep gratitude and sincere emotion that we bid farewell to Erico Grassi, who is leaving our company after many years of service. Since 2006, Erico has accompanied Stelinvest SA on an important journey of growth, offering [...]

In August, global markets continued their upward trajectory, albeit in a context marked by contrasting signals. In the United States, equity indices reached new all-time highs, supported by the strength of the technology sector, solid corporate earnings, and expectations [...]

In July, global financial markets extended their upward momentum, supported by solid corporate earnings, accommodative monetary policies, and expectations of new fiscal stimulus. However, behind Wall Street’s record highs and the resilience of global indices, there remain signs of [...]

Macro Outlook: Trade Escalation and Market Impact In May, the Trump administration adopted a notably aggressive stance on tariffs, alternating between new impositions and temporary suspensions. This approach has heightened volatility in financial markets and raised concerns about the [...]

April 2025 proved to be an extremely turbulent month for global financial markets, marked by sharp instability driven by the escalation of the U.S.–China trade war. The announcement by President Donald Trump on April 2 of a new round [...]

The month of March brought with it a mix of uncertainty, volatility and mixed signals from major financial markets. The common thread? Pressure, geopolitics, inflation, divergent economic policies, and investor reactions contributed to a challenging environment where caution and [...]

The month of February 2025 ended with mixed signals in global markets, amidst economic uncertainty in the United States, Europe’s resilience, and the evolution of monetary policies by major central banks. The balance between inflation, economic growth, and geopolitical [...]